Cyprus Crypto Scam: Resident Loses €430,000 in Sophisticated Investment Fraud
A Limassol resident lost €430,000 after falling victim to fraudsters posing as investment platform representatives who gained access to their crypto wallet. The scammers lured the victim with false promises of $1.5M profits before authorities discovered the elaborate scheme.
Kanye West Rejects $2M Crypto Scam Deal to Protect Followers
Rapper Kanye West reveals he declined a $2 million offer to promote a fraudulent 'Ye token' cryptocurrency targeting his fanbase. The incident highlights growing concerns about celebrity crypto endorsements and sophisticated scam tactics targeting high-profile influencers.
Nebraska Takes Aim at Crypto ATM Fraud with Landmark Regulation Bill
Nebraska lawmakers prepare to review groundbreaking legislation aimed at regulating cryptocurrency ATMs amid rising consumer fraud concerns. The proposed bill LB609 introduces mandatory licensing, transaction limits, and warning notices, responding to $14.6 million in reported crypto scam losses across the state.
Terraform Labs Co-Founder Do Kwon Faces Historic Crypto Fraud Trial in US
Former crypto mogul Do Kwon pleads not guilty to multiple fraud charges related to Terraform Labs' $40 billion collapse in 2022. The landmark case could set precedents for cryptocurrency regulation and reshape digital asset oversight globally.
Law Student's €4.5M Crypto Trading Scheme Ends in Arrest
A 24-year-old Dutch law student has been arrested for allegedly defrauding nearly 300 investors, including family and professional athletes, of up to €4.5M through a cryptocurrency trading scheme. The self-proclaimed crypto genius promised high returns while taking 50% commission before the operation collapsed, leaving investors empty-handed.
AI-Powered Romance Scam Ring Uses Deepfakes to Steal Millions in Crypto
Hong Kong authorities have dismantled a criminal operation that used AI deepfakes on dating apps to defraud victims of $4.3 million in cryptocurrency scams. The sophisticated ring created fake romantic relationships before exploiting targets across multiple Asian countries through fraudulent investment platforms.
Asian Banks Face $3M Lawsuit Over Cryptocurrency Investment Scam
A California resident files a $3 million lawsuit against three major Asian banks for allegedly enabling a cryptocurrency investment scam that cost him $1 million. The case highlights growing concerns over financial institutions' role in preventing crypto-related fraud and monitoring suspicious transactions.
Binance's AI-Powered Security System Prevents $129M in Crypto Scams
Cryptocurrency exchange Binance successfully prevented over $129 million in potential scams in 2024 using advanced AI and machine learning systems. The exchange's comprehensive Anti-Scam Refund Initiative processed monthly fund recoveries, made thousands of warning calls, and implemented sophisticated security measures to protect users.
20 Types of Cryptocurrency Rug Pulls Every Investor Should Know
A comprehensive guide exposing 20 different cryptocurrency scam tactics known as 'rug pulls' that leave investors with worthless assets. Understanding these deceptive schemes, from liquidity drains to fake partnerships, is crucial for protecting your crypto investments.
Do Kwon Faces US Justice: Montenegro Approves Terraform Labs Founder's Extradition
Montenegro's Justice Minister has approved Do Kwon's extradition to the US over the $40 billion Terra-Luna collapse. The Terraform Labs founder faces serious fraud charges after being arrested in Montenegro while attempting to flee to Dubai with fake documents.